Meeting on expansion of using Baht/Kyat and Yuan/Kyat in border trade held

Deputy Governor of the Central Bank of Myanmar Daw Than Than Swe, Secretary of the Central Committee for Ensuring the Smooth Flow of Trade and Goods and officials discussed the expansion of Yuan/Kyat and Baht/Kyat usage in Myanmar-China and Myanmar-Thailand border trade, yesterday in Nay Pyi Taw. Myanma Economic Bank, local private banks and Thai […]

Myanmar relaxes currency conversion order for traders at China, Thailand borders

The Central Bank of Myanmar (CBM) has extended the time span of compulsorily converting foreign currencies into kyats for exporters trading at the borders with China and Thailand. According to a directive issued by the central bank on Tuesday (April 26), exporters trading under China-Myanmar and Thai-Myanmar border trade programmes no longer need to compulsorily […]

Myanmar intends to initiate rupee convertibility for trade along Indian border

“The Myanmar government intends to initiate similar currency convertibility for the Indian rupee for trade along the border it shares with India,” said the Ministry of Information, Myanmar, in a statement on Tuesday. The Myanmar government intends to initiate the currency convertibility for the Indian rupee for trade along the border it shares with India, […]

Myanmar-Bangladesh border trade hits $12.7 mln this mini-budget year

The bilateral border trade between Myanmar and Bangladesh stood at US$12.7 million as of 14 January in the mini-budget year of 2021-2022, according to the Ministry of Commerce.Myanmar-Bangladesh total border trade included Myanmar’s exports of $12.64 million and its imports of $0.07 million.According to statistics, the border trade during this period has seen a drop, […]

Myanmar accepts yuan as official settlement currency for border trade with China

Myanmar has accepted the Chinese yuan as an official settlement currency for border trade with China, in a move that aims to address its shortage of US dollars and other foreign currencies, as the Southeast Asian country faces economic challenges amid political instability, sources close to the matter told the Global Times on Wednesday. China, […]

China’s coronavirus hits Myanmar economy

China’s coronavirus epidemic is hitting Myanmar’s important manufacturing and tourism industries as well as disrupting border trade, but in the longer term the crisis could encourage more supply chain factories to relocate from its giant neighbour. “We have lost all our customers,” said Ma Khin Khin Win, director of tourist agency Myanmar YoYo Travels and […]

New bridge boosts Thai-Myanmar ties

TAK: Bilateral border trade between Thailand and Myanmar is expected to flourish after the second Thai-Myanmar Friendship Bridge becomes fully operational, starting from Oct 30. Niyom Wairatpanich, vice-chairman of the Thai Chamber of Commerce, said the bridge is vital to boost border trade between the two countries, increasing trade flow and logistics services through Mae […]

Vast improvements sought for trade and exchange at Moreh-Tamu border

Myanmar and India recently continued their bid for growing bilateral cooperation at a seminar convened to discuss opportunities of enhancing connectivity between Manipur in India and Sagaing Region in Myanmar and specifically advances to be made regarding trade at the Moreh (India)-Tamu (Myanmar) border. The Myanmar-India Seminar-cum-Workshop on Issues of Formal and Informal Trade at […]

Long term economic improvement certain, strategy needed: U Win Aung

THE government has come under pressure for its handling of the Myanmar economy, with stakeholders lamenting the slowing pace of economic reform and investment flows. During the first half of 2018, approved foreign direct investments (FDI) totalled just $1.7 billion, compared to $4.1 billion during the same period in the previous fiscal year. Meanwhile, GDP […]

Border trade during Oct-Dec quarter down

BORDER trade between Myanmar and its neighbours during the October-December quarter amounted to more than US$2 billion, down by $71 million, or 3.2 percent from the same period in 2017, according to the Ministry of Commerce. The fall was mainly due to a $563 million drop in trade value at the China-Myanmar border to just […]